Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun The principles or system of ownership and control of the means of production and distribution by the people collectively, usually under the supervision of a government.

from The Century Dictionary.

  • noun The socialistic theory or principle of centralization of all directive social and industrial power, especially of control of the means of production, in the people collectively, or the state: the opposite of individualism.

from the GNU version of the Collaborative International Dictionary of English.

  • noun (Polit. Econ.) The doctrine that land and capital should be owned by society collectively or as a whole; communism.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun An economic system in which the means of production and distribution are owned and controlled by the people collectively

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun a political theory that the people should own the means of production
  • noun Soviet communism

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

collective +‎ -ism

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